Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 321.5 $ 323.4
Accounts receivable, net 76.7 128.7
Inventories 287.6 178.4
Supplies and other inventories 83.6 91.4
Loans to and accounts receivable from the Canadian Entities 50.1 48.6
Other current assets 88.8 54.1
TOTAL CURRENT ASSETS 908.3 824.6
PROPERTY, PLANT AND EQUIPMENT, NET 999.1 984.4
OTHER ASSETS    
OTHER NON-CURRENT ASSETS 122.7 114.9
TOTAL ASSETS 2,030.1 1,923.9
CURRENT LIABILITIES    
Accounts payable 111.7 107.6
Accrued expenses 112.8 123.3
Interest Payable, Current 30.7 40.2
Contingent claims 50.0 0.0
Other current liabilities 108.1 120.0
TOTAL CURRENT LIABILITIES 413.3 391.1
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 276.1 280.5
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 201.9 193.9
LONG-TERM DEBT 1,611.8 2,175.1
OTHER LIABILITIES 193.7 213.8
TOTAL LIABILITIES 2,696.8 3,254.4
COMMITMENTS AND CONTINGENCIES (SEE NOTE 18)
CLIFFS SHAREHOLDERS' DEFICIT    
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2016 - 400,000,000 shares); Issued - 301,886,794 shares (2016 - 238,636,794 shares); Outstanding - 296,398,149 shares (2016 - 233,074,091 shares) 37.7 29.8
Capital in excess of par value of shares 3,999.7 3,347.0
Retained deficit (4,570.6) (4,574.3)
Cost of 5,390,473 common shares in treasury (2016 - 5,562,703 shares) (236.5) (245.5)
Accumulated other comprehensive loss (19.4) (21.3)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (789.1) (1,464.3)
NONCONTROLLING INTEREST 122.4 133.8
TOTAL DEFICIT (666.7) (1,330.5)
TOTAL LIABILITIES AND DEFICIT $ 2,030.1 $ 1,923.9